Swvl Holdings Corp. (NASDAQ:SWVLW) Sees Large Increase in Short Interest

Swvl Holdings Corp. (NASDAQ:SWVLW) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 9,510 shares, a growth of 123.3% from the August 15th total of 4,258 shares. Based on an average daily trading volume, of 383,018 shares, the short-interest ratio is presently 0.0 days.

Swvl Price Performance

Shares of NASDAQ:SWVLW traded down $0.00 on Monday, reaching $0.01. 10,624 shares of the company traded hands, compared to its average volume of 83,418. The company’s 50 day moving average is $0.01 and its 200-day moving average is $0.01. Swvl has a fifty-two week low of $0.00 and a fifty-two week high of $0.02.

Swvl Company Profile

Swvl Holdings Corp. operates as a technology-driven mass transit company that offers app-based shared mobility solutions for commuters. Through its digital platform, the company enables riders to book fixed-route bus trips, private charter services and ridesharing options. Swvl’s core service connects passengers with networked buses operating on semi-fixed schedules, designed to reduce travel times, lower transportation costs and improve reliability in urban and suburban markets.

Founded in 2017 by Mostafa Kandil, Ahmed Suleiman and Mahmoud Nouh, Swvl launched its first operations in Cairo, Egypt, before expanding regionally and internationally.